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Dry Bulk Capes International

Capesize rates shrug off China concerns to set new high

After a slight dip towards the end of last week, the capesize market is again on its way up, despite growing fears of a potential China slowdown, exacerbated by talk of property developer defaults

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The average weighted time-charter for five leading routes rose to more than $56,000 per day at the close on the Baltic Exchange. That is the highest for the 180,000 dwt assessment that was launched in 2014

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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